ASELSAN continues to maintain its position as ranked 48th. According to data, ASELSAN earned $2 billion 218 million in revenue in the field of defence in 2020. 96% of the company’s revenues come from the sales of defence products. ASELSAN is the only Turkish company in the top 50 by ranking 48th.
TUSAŞ was ranked 53rd last year. The total revenue of the company from defence products in 2020 is 1 billion 256 million dollars. The volume was 1 billion 858 million dollars in 2019. There is a decrease of about 32%. 84% of the company’s revenues come from the sale of defence products. In 2020, seven Turkish companies entered the list. Turkish companies were listed as:
ASELSAN: 48
TUSAŞ: 53
BMC: 89
Roketsan: 91
STM: 92
FNSS: 98
HAVELSAN: 99
Global List
The list
indicates that the pandemic had effects on both sides. Aviation companies faced
financial difficulties, but the industry overall grew.
Boeing, Airbus
and Leonardo are located at the top of the list, where the US Lockheed Martin
is at the top. In the top 10 of the list, there are six companies from the USA,
three companies from China and one company from the UK.
While Lockheed
Martin has been at the top of the list for years, radical changes are seen in
the rest of the list. For example, Boeing company, which has been in second
place for years, is replaced by Raytheon Technologies Corporation. Raytheon
Company (ranked 5th last year) and United Technologies Corporation (ranked 10th
last year) merged in April 2020 to form the Raytheon Technologies Corporation.
China’s two
largest shipbuilding conglomerates, China Shipbuilding Industry Corporation
(ranked 14th last year) and China State Shipbuilding Corporation (ranked 24th
last year), merged in November 2019 to create China State Shipbuilding
Corporation Limited. Total revenue only reflects the company’s shipbuilding
business. Its defence revenue reflects defence-related activity from the
overall shipbuilding business.
The Top 100
list shows that companies are joining forces in this difficult time and that China,
which has been on the lists for the last two years, became more visible. This
year’s list includes 22 new company names. Part of that is due to mergers since
last summer. For example, Raytheon Technologies —a combined United Technologies
Corporation and Raytheon Company —debut at No. 2nd.
Some of those
new additions are due to recently found revenue figures, which were high but
not declared previously.
Last year’s
100th company on the list had just less than $300 million in defence revenue.
This year, the list became more challenging as the 100th firm has less than
$600 million.
The list also
indicates new sectors growing like the cyber firm ManTech, the space company
Parsons Corporation, the satellite imagery company Maxar Technologies, sensor
company FLIR Systems, and emerging technologies company Alion Science and
Technology. The new list reflects how the industry is bending and evolving
toward that future.